Prequalified vs. Preapproved: What’s the Distinction?

Prequalified vs. Preapproved: What’s the Distinction? The essential difference between preapproval and prequalification can rely on the creditor plus the kind of loan or credit card—some creditors may make use of the terms interchangeably. A creditor has done an initial assessment to determine if you’ll likely get approved for a new loan or credit card […]